Insurers dealing with 40,000 flooding-related claims, bracing for Gabrielle
Claims from the cyclone are now also coming in on top of the flood claims.
Claims from the cyclone are now also coming in on top of the flood claims.
'Largely due to the expected higher natural perils costs from the Auckland flood event.'
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CEO says the company remains financially strong.
"It was like a wild animal. You know you don’t know what you are looking at?"
CEO says flood repairs will put pressure on the building industry.
And the cost of insurance could rise for some.
Impact to wider economy marginal, but flooding means more disruption to supply chains.
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